Being a fad would imply its something which got popular fast and then fades away. Most of us involved in the markets have been involved or at least known of crypto for years already. If you had said its a fad back in 2014, yeah I would not dismiss it. At which point is it not a fad? 10yrs? 15yrs? 20yrs? Congrats on the new job!
A few weeks ago Pokemon cards started getting talked about a ton again while NFT's were blowing up. There were people streaming themselves opening packs of cards. Cases of cards were with like $1M last month.
There has been a shift from the alt-coins to BTC over the past few sessions. BTC market dominance charted below here in a 4hr chart: The previous move to 48 there was the bounce, this current run here is a more of an accurate indicator for altcoins being sold and money shifting into BTC. What we typically see during a bull market or the reversal of downtrends is money moving into BTC first, then the alts catching up later. This is just one possible signal you should have in your arsenal.
Starting to reach some good fear levels here. All this media attention of a horrible death cross is exactly what crypto needs for a good final flush.
Thats what everybody is saying and market bottoms need a point of maximum fear. So if getting a flush under 30k is what does it...
I'm new to all this stock stuff I thought I would just try it out and get some advice about I always wondered about that by to Kim and cripta all out of those is this as anything good look on the internet it always says like the stuff is never going to be worth anything I have no idea I've never invested in stocks I don't know much about this I just was just wondering cuz I feel a lot about I thought I would just be no dick questions answer just what other people think I don't know where else to really ask but
I am holding onto BTC and several other crypto-assets. Not much, about 400$ in BTC, 100$ in ETH, and then between 30-10$ in about 8 others including ALGO, SOL, DOT, ADA, MATIC, OXT, DOGE, AMP, and ANKR I am new to investing but have been doing quite a bit of research over the last few months. My breakdown of investments is currently 70% stocks, 30% crypto-assets. I am crypto-heavy and wouldnt mind 10% into purchasing Gold and shifting another 10% into additional stocks. I view Home ownership as the greatest investment, but have not been able to make that move quite yet. Hopefully in the next 2-3 years. Where do most of you do your Crypto purchasing/selling/holding? As a newbie I first got into CoinBase but their fees are quite excessive. I use Robinhood for my stocks (I know, again probably not the best) and they have a very limited selection of crypto-assets, only really BTC and ETH. I have been thinking of switching to M1 Finance but not sure if they even have a crypto-market. So, best crypto exchange platform? best crypto-asset wallet?
Thank you China for shutting down all the BTC Miners, now that puts Americans and the rest of the world at a serious advantage when it comes to BTC Mining and profitability.
Precisely why we have decided to sit out a little longer. Even though I really hate the idea of renting, I think the potential savings 13-15 months from now may be worth it. Maybe not. That time will be used to improve my credit score and save for a larger down payment as well.
It greatly depends on your area. I just moved into the Vancouver area, we did the same thing and waited because we thought that COVID would knock prices down a bit, instead everything went up 50% But now that all these COVID related subsidies are expiring, you may get some additional housing supply hitting the market! I hope you get something at a good price.
Wow, BitCoin is at $30,900$ and I saw it as low as $30,500. I entered BTC just under $40k. Killing my winning percentage right now!
The other day I read on CryptoWhale twitter account that he expects BTC at 7k later this year. I can't even imagine how much the alts would cost if this scenario turns out to be true. Anyway, I guess it is high time to buy BTC. I am currently in the UK and it is not that easy to buy BTC since Binance was banned in the UK
I could see it. I am expecting a Labor Day- Pre/Black Friday crash. I fully expect a large number of people to convert BTC to fiat currency come consumer spending season. This doesnt necessarily mean the price will not come back, I do not think that. but I do think it will take quite some time to rebound. This all said, I have questioned my theory of whether or not a mass consumer withdrawal from BitCoin would truly have that impact or if as quickly as consumers sell-out, corporations would fill the void. That is the biggest question in all this for me. How quickly consumer sells are replaced by deep pocket buys.
And not that my 2 cents means anything but I dont like how these Apps game-ify crypto investing, feeding off consumer fear and excitement through Bright Colors, Live updating Charts to reflect your minute-by-minute winnings or losings, and sending alerts as price fluctuations happen. (I know you can turn off and change most settings but most are defaulted settings) I cant imagine it having a positive impact when you get a ding on your phone and it says "BTC down 5% to xxxxxxx" .... they build in these alerts in order intentionally induce panic or fear (or excitement)
